
Basic Concepts in Real Estate
Quiz
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Other
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Professional Development
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Practice Problem
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Medium
Maribel Rodriguez
Used 3+ times
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27 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What does Real Estate refer to?
Only land without any structures
Land and any permanent structures attached to it, including buildings and roads
Movable property like vehicles and furniture
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is the primary purpose of a Real Estate Agent?
To conduct property appraisals and inspections.
To assist clients in buying, selling, or renting properties.
To provide legal advice during property transactions.
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following correctly matches Residential Real Estate with its description?
Properties used for business purposes, like offices, malls, and hotels that generate income through leasing to businesses.
Includes factories, warehouses, and distribution centers crucial for manufacturing and logistics operations.
Properties designed for people to live in, including single-family homes, condos, townhouses, and multi-family units.
4.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
Which of the following correctly matches Commercial Real Estate with its description?
Includes factories, warehouses, and distribution centers crucial for manufacturing and logistics operations.
Properties used for business purposes, like offices, malls, and hotels that generate income through leasing to businesses.
Raw, undeveloped land that can be used for agriculture, development, or conservation, often as a long-term investment.
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following correctly matches Industrial Real Estate with its description?
Includes factories, warehouses, and distribution centers crucial for manufacturing and logistics operations.
Properties designed for people to live in, including single-family homes, condos, townhouses, and multi-family units.
Properties used for business purposes, like offices, malls, and hotels that generate income through leasing to businesses.
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Is raw real estate that can be used for agriculture, development, or conservation, often as a long-term investment.
7.
OPEN ENDED QUESTION
3 mins • 3 pts
What are the types of Residential Real Estate?
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Answer explanation
Family Homes, Condominiums and Townhouses
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